Good governance / Legal Reform and Transparency
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
The Czech Office imposed a record fine of EUR 4 million for vertical resale price agreements
The Office for the Protection of Competition (“Office”) imposed a fine of CZK 97 million (approx. EUR 4 million) on the company GARLAND distributor, s.r.o. (“GARLAND”) for vertical agreements on resale price maintenance. Historically, this is the highest fine ever imposed for this type of anti-competitive conduct, which is the consequence of the new fining guidelines of the Office.
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The conditions under which the sale of a family house or flat may be exempt from personal income tax have been tightened
Are you selling a family home or an “apartment”? Then you may want to reflect the press release in which the fiscal administration has drawn attention to the tightening of the conditions under which the proceeds from selling a family home (house) or “apartment” in which the seller had their place of residence for less than two years may be tax-exempt.
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